HCL Infosystems to Raise Funds to the tune of Rs. 825 crs for Fueling Growth

Aug 14, 2009

, New Delhi

HCL Infosystems Ltd, India’s premier information enabling ICT System Integration Company announced that its board has approved raising of funds to shape the future growth plans of the company. The funds will be raised from issuance of Convertible Warrants not exceeding Rs. 325 crs including premium to promoters. In addition to this equity shares or equity linked securities or a combination thereof will be issued in the domestic and/or international offerings and/or Qualified Institutional Placements (QIP) for a value of up to Rs. 500 crs including premium. The company expects to get the approval of the shareholders in an extra ordinary general meeting.

Commenting on the announcement Mr. Sandeep Kanwar, Chief Finance Officer, HCL Infosystems Ltd said, “We intend to raise funds to augment our long term resources for future growth, including investing in expansion of our existing & new businesses, development of infrastructure and possible acquisitions in India or abroad, currently we have not identified or entered into an agreement for any acquisition for which we intend to raise such funds”.

HCL Infosystems is a multi faceted technology company, with specialized verticals addressing different segments of the technology spectrum. It has built under one roof, a comprehensive range of capabilities, giving it an unique advantage to leverage the new paradigms that are emerging from a converging world. HCL Infosystems over the past few years has focused on transforming itself from being a product centric company to a system integration & services organization. Over last one year the company has announced plans to enter into a number of business verticals including 14 System integration domains, software product development and Pan India services infrastructure among others.

About HCL Infosystems Ltd.
HCL Infosystems Ltd, with revenue (LTM) of US $ 2.7 billion (Rs. 12,445 crores) is India’s premier information enabling and ICT System Integration company offering a wide spectrum of ICT products that includes Computing, Storage, Networking, Security, Telecom, Imaging and Retail. HCL is a one-stop-shop for all the ICT requirements of an organization. India’s leading System Integration and Infrastructure Management Services Organization, HCL has specialized expertise across verticals including Telecom, BFSI, E-Governance & Power. HCL has India’s largest distribution and retail network, taking to market a range of Digital Lifestyle products in partnership with leading global ICT brands, including Apple, Cisco, Ericsson, Kingston, Kodak, Konica Minolta, Microsoft, Nokia, Toshiba, and many more. HCL today has India’s largest vertically integrated computer manufacturing facility with over three decades of electronic manufacturing experience & HCL desktops is the largest selling brand into the enterprise space. With India?s largest ICT services network that reaches to every corner of India, HCL?s award winning Support Services makes it the preferred choice of enterprise and consumers alike. HCL Infosystems has a 100% subsidiary that addresses the physical security technology system integration market. The subsidiary leverages technology to build a security framework called “Safe State? that will safe guard life, infrastructure & society. For more information please visit us at www.hclinfosystems.in

About HCL:
HCL is a $5 billion leading global Technology and IT Enterprise that comprises two companies listed in India – HCL Technologies & HCL Infosystems. Founded in 1976, HCL is one of India’s original IT garage start-ups, a pioneer of modern computing, and a global transformational enterprise today. Its range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products across a wide range of focused industry verticals. The HCL team comprises over 60,000 professionals of diverse nationalities, who operate from 23 countries including over 500 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit www.hcl.in